Lax campaign finance rules likely to survive Bankman-Fried scandal

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

While the collapse of Sam Bankman-Fried’s crypto empire is prompting changes in the crypto industry and beyond, it is unlikely to change loophole-ridden campaign finance rules.

. Large portions of voters in both parties see the system as corrupt and not responsive to ordinary Americans.

"I fear and believe that the political class, and really the American public, to the degree that they’re concerned about this, is growing inured to these stories," Krumholz added."I’m not saying all hope is lost. But as time marches on, any rule or status becomes ingrained and the norm, we run the risk of it just becoming accepted."

Bill Cortese, a Republican campaign veteran who is now executive director of American Promise, a cross-partisan, nonprofit group advocating for a constitutional amendment that would allow for states to individually regulate federal campaigns within their borders, said the latest scandal may be just what’s needed to get the ball rolling.

Jeff Hauser, founder and director of the Revolving Door Project, said he does believe that the Bankman-Fried scandal could lead to more narrowly tailored reforms around straw donors — a major piece of the Bankman-Fried indictment — and how think tanks and other influence groups raise money.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This country needs a f****** King and I feel you probably already offended the one person who could do the job.

NBC News’ quiet removal of ‘Weinstein’s best PR person’ Noah Oppenheim raises industry eyebrows

'All it took was just one look.'

Congress does not care about your continuing crypto losses. They do not govern, anymore.

Sorry to hear about his suicide whenever they decide to kill him 🤣

No politician, Dem or GOP, wants to change campaign finance rules. They are all making out like bandits.

🤣🤣🤣🤣

after all lots of criminals and government officials need a place to put money

TrueFactsStated Lots of LOOPHOLES for EliteGQPcriminals too!

You’re reporting on this, blown away.🤯

A sucker born every day

Where is the report on the fact the GOP is planning on shutting down the government and running our economy this next week? That is important to everyone!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sam Bankman-Fried Tries to Blame Market and CZ for FTX's Failure | CoinMarketCapDespite being out on $250 million bail, FTX founder Sam Bankman-Fried released a long blog post blaming everyone from his lawyers to his biggest competitor for the exchange's bankruptcy. Nice, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Brilliant, but using ChiefraFba for signals and analysis How about the things Caroline admitted they did that they should not have done?
Source: CoinMarketCap - 🏆 290. / 63 Read more »